Letter to shareholders - N°77 - autumn / winter 2020

Highlights

“ I AM CONVINCED THAT NICOLAS HIERONIMUS WILL LEAD OUR GROUP TO NEW SUCCESSES, WITH THE FULL SUPPORT OF THE 88,000 EMPLOYEES OF L’ORÉAL.


NICOLAS HIERONIMUS
A graduate from ESSEC, in 1985, Nicolas Hieronimus joined L'Oréal in 1987 as Product Manager. He became marketing Director for the Laboratoires Garnier in 1993. In 1998, he became General Manager of the Garnier Maybelline Division in the UK. In 2000, he was named General Manager, L'Oréal Paris France, and then International General Manager for L'Oréal Paris.

In 2005, he became General Manager of L'Oréal Mexico. In 2008, Jean-Paul Agon appointed him as General Manager of the L’Oréal Professional Products Division. In January 2011, he was appointed President L’Oréal Luxe, a role that he held until the end of 2018. In 2013, he took up the position of President Selective Divisions (Luxury, Active Cosmetics, Professional Products). He was named Deputy CEO in charge of Divisions in May 2017.

BARBARA LAVERNOS
Engineer by training, Barbara Lavernos is a graduate of l'École des Hautes Éudes d'Ingénieur (HEI France). Barbara Lavernos joined L’Oréal 29 years ago as a purchaser in the Aulnay plant and then became head of procurement of the Ormes makeup and fragrance factory and Plant Director of the Rambouillet factory in France.

In 2004, Barbara Lavernos became Global Chief Procurement Officer for the L’Oréal Group. In 2012, she was named Managing Director of the Travel Retail business worldwide. In 2014, Jean-Paul Agon appointed her Chief Operations Officer, and member of the Executive Committee. She manages the whole value chain from packaging design, sourcing, manufacturing to the worldwide supply chain. Barbara also leads the Group's Global Information Technology (IT) strategy and heads for the global IT teams as part of the Beauty Tech transformation project. She will become President of Research, Innovation and Technologies from February 2021.